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April 2020

Short-term rental industry news and updates

12 articles

Articles

Direct Bookings Through Powerful and Actionable Marketing Techniques

This article is a collection of podcast episode summaries from "Get Paid For Your Pad" covering topics from revenue management and CEO strategies to the upcoming FIFA World Cup. Hosts should pay close attention to the revenue management routines, understand how CEO focus impacts their business, and take advantage of any opportunities that may arise from the World Cup.

almost 6 years ago78
Airbnb may allow guests to cancel June bookings

This article is a collection of podcast episode summaries from "Get Paid For Your Pad" covering revenue management, CEO focus, and pricing strategies. Hosts can learn how to create pricing routines, understand market signals, and improve overall STR business strategies.

almost 6 years ago75
Booking.com + Properly Pilot Program Announced

Booking.com has partnered with Properly in a pilot program to standardize cleaning practices for short-term rentals. This initiative aims to ensure consistent cleaning standards and address guest safety concerns, especially during the pandemic. Hosts listed on Booking.com may be required to use Properly's services and checklists to meet the platform's cleaning requirements or risk listing removal.

almost 6 years ago82
What iGMS Customers Are Doing To Weather The Crisis

This article from Get Paid For Your Pad discusses revenue management strategies for STRs, emphasizing the importance of scheduled pricing routines, analyzing booking data, and understanding the impact of events like the FIFA World Cup. Hosts should prioritize daily and weekly pricing reviews and stay connected to operational realities to maximize revenue.

almost 6 years ago78
Airbnb introduces temporary cancellation policy

This article is a collection of podcast episode summaries from "Get Paid For Your Pad" that cover revenue management routines, CEO strategies, and comparing hotel and STR revenue management. Hosts should focus on refining their pricing strategies, understanding their booking windows, and analyzing the market to boost revenue.

almost 6 years ago78
Luxury rental brand Stay Alfred suspends operations, closes social channels - PhocusWire

The luxury rental brand Stay Alfred has suspended its operations and closed its social media channels. This news is a sign of the volatile market, and highlights the risks of investing in larger, more complex STR businesses, especially during times of economic uncertainty. Hosts should monitor industry trends to assess their own business strategies.

almost 6 years ago75
How to thrive through the short-term rental crisis

This article from Get Paid For Your Pad discusses revenue management strategies for short-term rentals, including daily and weekly pricing routines. It highlights the importance of analyzing booking data, understanding booking windows, and making small price adjustments to optimize revenue. Hosts can benefit from scheduling revenue management, reviewing bookings as pricing signals, and understanding the use of Market Penetration Index (MPI).

almost 6 years ago82
Airbnb Raises USD 10 Billion and starts Online Experiences

This article is a collection of podcast episode summaries from "Get Paid For Your Pad" covering topics like revenue management, CEO strategies, and comparing hotel versus Airbnb revenue management. It also discusses the impact of the upcoming FIFA World Cup on STR revenue in various cities. Hosts should pay attention to the actionable advice related to pricing strategies, operational efficiencies, and market trends to optimize their businesses.

almost 6 years ago78
How the Coronavirus Downturn will Shape and Change Hospitality

This article discusses revenue management strategies for short-term rentals, emphasizing the importance of scheduled routines, analyzing booking behavior, and understanding market trends to optimize pricing. Hosts should implement daily and weekly pricing reviews and pay attention to factors such as booking windows, minimum stays, and last-minute inventory. The article also touches on CEO-level strategic focus and how STR revenue management differs from hotel revenue management.

almost 6 years ago82
North Myrtle Beach leaders adopt ordinance expanding prohibition of rentals - WMBF

North Myrtle Beach leaders have expanded their prohibition on short-term rentals. Hosts in the area need to be aware of the new regulations to ensure compliance.

almost 6 years agoNorth Myrtle Beach, SC85
Short-Term Rentals Temporarily Banned in Newport Beach Due to COVID-19 - NBC Los Angeles

Newport Beach, CA, has temporarily banned short-term rentals due to COVID-19. This means hosts in the area are unable to rent out their properties for the time being. Hosts should stay informed about local regulations and be prepared for potential changes.

almost 6 years agoNewport Beach, CA90
News updates and tips from the community

This article is a compilation of podcast episodes covering revenue management, CEO strategies, the differences between hotel and STR revenue management, and strategies for overcoming operational overwhelm. Hosts should pay close attention to the recommendations for pricing routines, strategic focus, and efficient operational workflows to maximize profits.

almost 6 years ago78